Trade of the Week (17 June 2022)

Last week I made a trade for a $290(1.45%) gain on a $20K account when it expires at the end of the day today.  If I had been invested in a NASDAQ ETF, I would have had a loss of about 4.8% at the market close on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell 2 PUT options on NQX with a strike price of $2,050 and an expiration of 24 June.  At the same time, I'll buy 2 PUT options on NQX

 with a strike price of $2,000 and an expiration date of 24 Jun. This trade has a maximum gain of about $296 as long as NQX closes above $2,050 on Friday, 24 June, 2022. I made this trade in my account that has a cash balance of $20,000. I am only using half of my available cash so that I can fix the trade in the unlikely event that NQX happens to fall by 10% this week.

The trade discussed above is not a recommendation but is merely an account of what I may have executed in the past.